Training program launched for Saudi youth

Training program launched for Saudi youth
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Updated 09 June 2020

Training program launched for Saudi youth

Training program launched for Saudi youth
  • Courses will begin on June 21 and continue until Aug. 13

JEDDAH: A new training program to support entrepreneurship among Saudi youth will teach participants important steps in starting a business.

As part of the Kingdom’s drive to increase the role of small and medium enterprises in the economy, Neom, a planned cross-border city that aims to use smart technologies for a sustainable ecosystem, and the Misk Academy, an organization dedicated to youth empowerment and investment in local communities, have launched SPARK, a program that aims to attract investment in human capital development and advance the non-oil economy.

Through a series of programs and initiatives endorsed by GEN Saudi, the global entrepreneurship network, SPARK, Neom and the Misk Academy will work together to teach young professionals skills for the new economy, support business growth in provincial regions, and increase business opportunities outside main cities.

The program was co-created with industry leaders and experts in entrepreneurship.

HIGHLIGHTS

• The program aims to teach participants important steps in starting a business.

• It has been co-created by industry leaders and experts in entrepreneurship.

• It will include online classes to help participants refine their business plans.

SPARK will include online classes to help participants refine their business plans and expose them to winning pitches from some of the world’s most successful startups. Saudi youth participating in the six-week course will learn how to create strong business strategies and investor pitches.

Experienced executive coaches will guide students through the critical process of refining an idea, building a business model and articulating a pitch. At the end of the program, students will present their business idea to a panel of judges from Neom, the Misk Academy, and the Small and Medium Enterprises General Authority (Monshaat).

Registration for the program continues until June 13. Courses will begin on June 21 and continue until Aug. 13. Interested people can visit the Misk Academy’s website for details.


Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied
Yazeed Al-Humied
Updated 15 January 2021

Yazeed Al-Humied, head of Local Holdings Investments at the Saudi Public Investment Fund

Yazeed Al-Humied

Yazeed Al-Humied is the newly appointed head of Local Holdings Investments at the Saudi Public Investment Fund (PIF).

From October 2016 until December 2020, he was the PIF’s chief of staff, managing the fund’s relationships and creating strategic partnerships locally and internationally.

He also managed internal institutional and investment projects to ensure they were completed on time and met quality standards and developed a governance model for PIF portfolio companies while monitoring their performance.

On top of his new role, Al-Humied will contribute to the PIF as a member of various permanent committees including those responsible for management, and portfolio company nomination.

In addition, he sits as chairman of the National Security Services Co., vice chairman of both the Samba Financial Group and the Saudi Stock Exchange (Tadawul), and is a board member of Saudia airline, the Saudi Civil Aviation Holding Co., and Saudi low-cost carrier flyadeal.

Al-Humied joined PIF as an adviser to the fund’s governor in 2015. In his one-year advisory role, he was responsible for the restructuring, strategy crafting, and posting of PIF’s reallocation to the Saudi Council of Economic and Development Affairs.

He started his career in 2004 with multinational professional services company PricewaterhouseCoopers and four years later joined the Capital Market Authority (CMA) where he headed mergers and acquisitions.

Al-Humied gained a bachelor’s degree in accounting from Riyadh’s King Saud University in 2004 and he is also an alumnus of the London Business School’s corporate finance modular program.